Britain’s Intercontinental Hotels Group (IHG) and Singapore’s Hong Leong Group (豐隆集團) have announced plans to invest in Taiwan’s hotel industry.
IHG last week signed deals to open hotels in Xiamen, China, Hong Kong and Taipei, adding more than 700 rooms to its Asia-Pacific portfolio.
TAIPEI EXPANSION
Its Holiday Inn Express brand will be the banner establishment for a 170-room Taipei development that will open next year, while a 300-room property in Mongkok in Hong Kong is set to be unveiled in 2013, the -Chinese-language Economic Daily News reported yesterday.
Its boutique brand, Indigo, will open branches in two locations next year, including a 125-room hotel in Taipei and another 127-room establishment in Xiamen, China.
The Taiwanese expansion is part of a plan by IHG, the world’s biggest hotel group by number of rooms, to increase its presence in its Greater China portfolio, which includes markets in China, Mongolia and Taiwan.
HONG LEONG
Meanwhile, Hong Leong — a conglomerate with businesses spanning hotel management, financial services and real estate — said it would invest in three hotels in Taipei and Sun Moon Lake (日月潭) in Nantou County, with the first deal expected to be signed by next month. With partners MarkWell Group (午陽企業集團), its first hotel project in Taiwan will be launched in the fourth quarter next year, it said.
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